CENTURY Volatility

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CENTEXT -- India Stock  

INR 4.95  0.00  0.00%

CENTURY EXTRUSIONS is very risky given 3 months investment horizon. CENTURY EXTRUSIONS secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had 0.25% of return per unit of risk over the last 3 months. Our approach towards foreseeing the risk of a stock is to use both market data as well as company specific technical data. We are able to break down and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.87% are justified by taking the suggested risk. Use CENTURY EXTRUSIONS mean deviation of 5.24, and risk adjusted performance of 0.47 to evaluate company specific risk that cannot be diversified away.

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CENTURY EXTRUSIONS Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of CENTURY daily returns, and it is calculated using variance and standard deviation. We also use CENTURY's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CENTURY EXTRUSIONS volatility.

90 Days Market Risk

Very risky

Chance of Distress

Below Average

90 Days Economic Sensitivity

Moves totally opposite to the market

CENTURY EXTRUSIONS Market Sensitivity And Downside Risk

CENTURY EXTRUSIONS beta coefficient measures the volatility of CENTURY stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents CENTURY stock's returns against your selected market. In other words, CENTURY EXTRUSIONS's beta of -0.8649 provides an investor with an approximation of how much risk CENTURY EXTRUSIONS stock can potentially add to one of your existing portfolios. Let's try to break down what CENTURY's beta means in this case. As the market becomes more bullish, returns on owning CENTURY EXTRUSIONS are expected to decrease slowly. On the other hand, during market turmoil, CENTURY EXTRUSIONS is expected to outperform it slightly.
3 Months Beta |Analyze CENTURY EXTRUSIONS Demand Trend
Check current 30 days CENTURY EXTRUSIONS correlation with market (DOW)
β

Current CENTURY EXTRUSIONS Beta Coefficient

 = 

CENTURY EXTRUSIONS Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by CENTURY EXTRUSIONS's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of CENTURY EXTRUSIONS stock's daily returns or price. Since the actual investment returns on holding a position in CENTURY EXTRUSIONS stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in CENTURY EXTRUSIONS.

CENTURY EXTRUSIONS Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. CENTURY EXTRUSIONS Typical Price indicator is an average of each day price and can be used instead of closing price when creating different CENTURY EXTRUSIONS moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

CENTURY EXTRUSIONS Projected Return Density Against Market

Assuming the 30 trading days horizon, CENTURY EXTRUSIONS has a beta of -0.8649 suggesting In addition to that, Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CENTURY EXTRUSIONS or CENTURY EXTRUSIONS sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CENTURY EXTRUSIONS stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CENTURY stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. The company has an alpha of 1.8995, implying that it can generate a 1.9 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

CENTURY EXTRUSIONS Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CENTURY EXTRUSIONS or CENTURY EXTRUSIONS sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CENTURY EXTRUSIONS stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CENTURY stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 30 trading days horizon, the coefficient of variation of CENTURY EXTRUSIONS is 396.42. The daily returns are destributed with a variance of 55.15 and standard deviation of 7.43. The mean deviation of CENTURY EXTRUSIONS is currently at 5.53. For similar time horizon, the selected benchmark (DOW) has volatility of 1.82
α
Alpha over DOW
=1.90
β
Beta against DOW=-0.86
σ
Overall volatility
=7.43
Ir
Information ratio =0.23

CENTURY EXTRUSIONS Return Volatility

CENTURY EXTRUSIONS historical daily return volatility represents how much CENTURY EXTRUSIONS stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm accepts 7.4263% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8264% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About CENTURY EXTRUSIONS Volatility

Volatility is a rate at which the price of CENTURY EXTRUSIONS or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of CENTURY EXTRUSIONS may increase or decrease. In other words, similar to CENTURY's beta indicator, it measures the risk of CENTURY EXTRUSIONS and helps estimate the fluctuations that may happen in a short period of time. So if prices of CENTURY EXTRUSIONS fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
Century Extrusions Limited manufactures and sells aluminum extruded and value added products in India and internationally. Century Extrusions Limited was incorporated in 1988 and is headquartered in Kolkata, India. CENTURY EXTRUSIONS operates under Aluminum classification in India and is traded on National Stock Exchange of India. It employs 333 people.

CENTURY EXTRUSIONS Investment Opportunity

CENTURY EXTRUSIONS has a volatility of 7.43 and is 4.06 times more volatile than DOW. 64  of all equities and portfolios are less risky than CENTURY EXTRUSIONS. Compared to the overall equity markets, volatility of historical daily returns of CENTURY EXTRUSIONS is higher than 64 () of all global equities and portfolios over the last 30 days. Use CENTURY EXTRUSIONS to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of CENTURY EXTRUSIONS to be traded at 6.06 in 30 days. . Let's try to break down what CENTURY's beta means in this case. As the market becomes more bullish, returns on owning CENTURY EXTRUSIONS are expected to decrease slowly. On the other hand, during market turmoil, CENTURY EXTRUSIONS is expected to outperform it slightly.

CENTURY EXTRUSIONS correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding CENTURY EXTRUSIONS and equity matching DJI index in the same portfolio.

CENTURY EXTRUSIONS Additional Risk Indicators

The analysis of various secondary risk indicators of CENTURY EXTRUSIONS is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CENTURY EXTRUSIONS investment, and either accepting that risk or mitigating it. Along with some common measures of CENTURY EXTRUSIONS stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.47
Market Risk Adjusted Performance(2.03)
Mean Deviation5.24
Semi Deviation3.95
Downside Deviation5.47
Coefficient Of Variation393.26
Standard Deviation6.97

CENTURY EXTRUSIONS Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page